AEVEX (NYSE:AVEX) Releases Earnings Results

AEVEX (NYSE:AVEX) posted its earnings results on Wednesday. The company reported $0.43 earnings per share for the quarter, reports. The firm had revenue of $216.69 million for the quarter.

AEVEX Stock Performance

Shares of AVEX traded down $0.12 on Wednesday, reaching $26.21. The stock had a trading volume of 1,824,820 shares, compared to its average volume of 2,718,805. AEVEX has a 12-month low of $22.27 and a 12-month high of $42.34.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AVEX shares. Needham & Company LLC assumed coverage on AEVEX in a research report on Tuesday, May 12th. They set a “buy” rating and a $45.00 price target for the company. William Blair initiated coverage on AEVEX in a research note on Tuesday, May 12th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. started coverage on AEVEX in a report on Tuesday, May 12th. They set an “overweight” rating and a $33.00 target price for the company. Zacks Research raised AEVEX to a “hold” rating in a research note on Wednesday, May 13th. Finally, Bank of America started coverage on shares of AEVEX in a report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.25.

Insiders Place Their Bets

In other news, insider Brett P. Hush acquired 10,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was acquired at an average price of $20.00 per share, for a total transaction of $200,000.00. Following the completion of the acquisition, the insider owned 10,000 shares in the company, valued at $200,000. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Todd Booth bought 13,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were acquired at an average price of $20.00 per share, for a total transaction of $260,000.00. Following the acquisition, the chief financial officer owned 13,000 shares in the company, valued at approximately $260,000. This represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 74,150 shares of company stock worth $1,483,000.